Woodside, ONGC Beat Rivals in Protection From Plunge in Oil
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A pair of unlikely standouts in Asia are better positioned than the super-majors and many national oil companies to survive the current oil price downturn, and even thrive from it.
On the key measure of how much cash they generate and retain, Perth-based Woodside Petroleum Ltd. and Oil & Natural Gas Corp. of New Delhi lead the 75 companies in the Bloomberg World Oil & Gas Index on a relative basis. That free cash flow gives them the flexibility to bolster balance sheets, keep shareholders happy, or snap up assets on the cheap.